Saturday, May 05, 2007

Delta Airlines............

The local press is abuzz about the "new" DELTA emerging from bankruptcy.

Not a comment from any former common shareholders about the loss of their equity. About how they tried to buy low and sell high. About their belief that the flagship Atlanta-based international carrier wouldn't walk out on their committments. About how the senior management team over the last few years enriched themselves beyond sane comprehension.

The common shareholders got zero. Zilch. Their investment went to zero.

Simply disgusting in so many ways.

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